it is fiver a.m. and allegation rocking -- and american-made suvs why? think tariffs. shares of one big beer comp canany falling flat. london not calling big bank make as 41 carpalany. the ball now solidly in apple's court. that company said to post their

numbers. and "world wide exchange" begins right now ♪ we built thiscity we built this city ♪ ♪ on rock and roll >> concrete, generally foundation for a building than rock and roll but to each his own. i'm bryan sullivan so glad you're starting your week with with us hire this is how they're setting up them and a very slight drop. we're down 24 points the bond market as well going to be in focus. will this be the week we get back to the two-year stphrae just three kicks away from the rougher staeurpbt europe as you can see in the red, jap

needs nikkei -- that was your bigger dekleiner overseas. not a great start to the week there. we are seeing red across the board with the exception of the spanish i becks. either way very slight losses in germany france and the uk. here's a global look attica modties and futures. we're seeing a bit of a move there. and oil is and and bit coin down but back to 87.50. what a run bitcoin and many of the other crypto technologies have had

and distant relative of lord nelson we're all relatives at some point. so i was watching cnbc and heard about agamazing economy which to your point was monster why didn't the stock market react? >> we get realgy news numbers. and they sell into it. i think they've raczed it up concern that the policy is going to be a lot more aggressive. everyone's going to look to september. and tenshally a policy mistake and i think they need to understand we don't live vacuum. and in some places still

negative research points to every reception since 1955 has been proceeded by an inserted or flagged curve. slow it down a lit >> let's unbobolinking that a bit. you think the fed is going to be overly aggressive and make a musnake. >> yeah. >> do you trust jay powell >> ash like him a lot. >> i like a lot of people. doesn't mean i would trust him with my money. >> i think he'll come can over to my side of the boat one more rate hike, take breath. let europe, japan the rest of the world createthem ash would

find david who would say the opposite we are nearly crisis level temerityest rate said. but yet interest rates are still where they are they should be 3 or 4% and 10 year should be 5% >> i could cannant agree more. and search banks are stim in interest rate said right now and in some cases their economies are struggling that a tremendous weight on the end of our curve it's giving you a warning sign >> you said recessionary, not necessarily recession. >> and that does not guarantee a recession is coming.

>> it's been proceeded by an inverted reyield gold. if when we get there -- going to be talking about it and publishing with it if your information, believing what you believe, what they said last week was a morning shot i look at accounts it in some cases physician size it -- take some of that money of the table. >> make sure you do not get bit. we'll see you soon >> this morning's top corporate story. cbs if rogue could step aside.

pending an a.m. allegations that he sexually huh roast termer people we're going to have much more later in the hour pep one big auto maker taking a major steve steph tooffset coasts. good morning >> they're cirbedenly going to pay more in china. >> raised prices to keep with cost of toughers into the world's ought so marked. which is said to pay effect today. it it by four to%% china slapped an adealings 25% tariffs. they make and import suvs from their plants that shipped more

than 100,000 verbingers from the sroeugt. it echoes a similar mood. he reports car dealers said mercedes gins has proved in the plant in alabama share rids slightly lower innen trading pep people who were buying mercedes and bmks if. you wonder 77, now it's sting 75 they might groomble a little built.

bmw. brother we'll see in a few mints. >> damp bank moving half its entities to europe this is another sign of 1inging from the uk all ahead of brexit. shared not reacting too much in fact they're up about 1%. deutsche bank i guess you could say in some ways going home. this is the second biggest beer maker, obviously and they cut their margin for the first year they claim kerns weakness as well as cost sociate would an expansion and brazil we're just getting started on a monday morning and waoefb re got a tech neck on break after facebook's big plant last week

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welcome back and good morning. hope you're having a great day wherever in the world you might be

like the come on and tell you things are pointed in a clear direction. that is not the case this morning. s&p just turning positive right now. so very fractional declined right now. another big week get ready for another big sports betting operation in america jvc holdings to create a joint venture in acu they're takic advantage of me. gvc and mgm will eventually donate $100 million each we're waiting to find out what that is. >> speaking of tech, tech stocks are some of those talks about names right now. a few like facebook. apple on deck this week. let's talk about the aging pace.

and jim cramer famously join this is face -- and he's always up early so i will suggest maybe we just call him the nag sacks is then there were four? >> i mean bryan, you could can even say you have the underperformance with plics as well this is a stock up 85% they're selling billions of content. they're not quite getting the useer numbers. privacy, datau regulation collection you saw user numbers dip and they are guiding that maybe you

could see fallout from some of the issues these are company who manage to post strong earnings and the fact is these guys had businesses and google had can has its other bets and a few things going on. investors will be hopen it is on tuesday as well. those numbers coming out tomorrow morning i have a feeling we will again more with with more analysis on this topic you know you've probably 1 thing is facebook a streaming bihs right now. it one should probably apply a

rule as one does in stocks done 20% in one day is a huge correction look, you give back news the the stock clean out their nole eios. it according to numbers out of fedealt and probably again this mornings you still have a company whose chief operating officer is toads testify about election meadling. over stpraoeut the comp canany which is probably going to cause them to change their business model which is going to lim that bounce >> it's definitely mot screaming body

when the first news came ort in march and the it had -- we'd seen record highs. but there's a big reserve of belief in facebook but we would argue the tide is turning. and as a result may mot look that special subset that tech investors should get a distance too. our friend and colleague, jim stewart does not sweet "too on an i didn't pick up --" is facebook ultimately going to be just a facebook thing we know and we've talked extensively about how important these are from monster -- twill

ultimately. >> they're going toing having to diversify away from the social met arc alone. people kind of max out in terms of 150 contacts that they want tostay in close touch with about 2 billion users, there may be eggss as to what further are returns are going to be gotten doing more than just being a social nedwork and company in china they've been diversifying in e commerce so we think facebook right now is going to be caught up in its own business here. and it's going to take some time for them to come up with other areas. they have instagram.

but what we've seen out of the company over the last six to 12 months makes them tired. >> is microsoft the chaitest compopy nobody talks about >> you got to given a lot of credit to the c can eo >> oh, they're old school, nobody uses excel, outlook >> and suddenly cloud company growing year over year this is very nice high margin stuff and certainly working to the benefit of microsoft share holders. you have total return weeks committed to returningtle. and there is speculation that their model is go tag return

about stwoeufb% of the shares. we have total return if you want high growth at lee multiples. not necessarily towards facebook demang your foalio. >> that's already taken. as always. still ahead tes ru's trending but stepping way out of its comfort zone we'll see the late trick tesla's worth day is recovering. in honor of the beloved wfps, bifidath birthday? nothing.

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not quite the case here. today, months from today is when congress had to come up with a budget they'll sign. and he's saying that i am willing to shut down government if the democrats are don't give osvote, i want mipfry building his wall and get rid of the lottery cyst foreman. >> visas and get rid of the catch and release policy that allowed them be released the courtroom and dote go up for those hearings and the president says and and releast are staying out. he is with willing to go toe all

those jobs, all that foot if edoesn't get an deal and the latest on the tear wild fires in the california >> good morning. they've gotten really bad. massive wild fires have claimed two more lives, bringing the's death toll to eight. the latest victim of the car sphere is still unidentified he was struck by tree burning throughio semtry national spark. mr. trump rereal toed the two had a private meeting and said they discowsed fake muse and referred i know.

he released a statement pat pela big day in coopers' hall of helium and also emjim tomen back to you. >> slat the impalerer fan. thank you vivre very much. up exinate a wall of fury. this could be good news for the global economy beyonce and jay-z over the weekend. your viral video ablurt coming up estrips are the only ada-accepted whitening strips proven to be safe and effective. and they whiten 25x better than a leading whitening toothpaste.

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a new week a new round of tests for investors. a developing story this morning. will less be able to keep his job? and surfs up why elon musk was ready to give up flame throwers and catch wave ♪ we are a part of the rhythm nation ♪

welcome back and thank you for being with us. we've got a lot to get to today but first let's get a look at the top headlines. let's get a check on what's ledding. bmw made the price of two. into the world's biggest ought marked bmw will increase sticker price by 4,ing to 7% amarron airlines flights resuming the airlines may operating system sale before normal services were resumed. and charles coke and his

commitble next phase against pat's fairfs a six-figure telesroeugz add focuses on harm that tariff quiz can have on driving. and he's calling top toners whose organization reflects its hiord. the political pie just continues to shift here's your honor money and n vestors low. i mean down 22 didn't even want incran the key this week was we're go bat back to that 10-year bond yield. just two little bases points

away 2.98% mauch the nays so, if we were call it and poorer do you think -- doyou think we'll have 3 next week soon. >> nonish. >> so there's no news on the trade punt then i think that with would be above 3% a good strong american economy the federal reserve will be tightening if there is no major knock us down. >> the president announcing a -- not a deal but an agreement have

an agreement, i guess is the best way to stay, with the eu. china continues to perch aslarge number of u.s. freshries is the trade war, if nazis m. >> if we are going to narrow the impact to particular issues that can be dealt with the united states and china. we have clearly seen the results of what would happen on nafta.

25% of gdp is shipped overseas the petroleum played a big role both ways. >> mexico is not porting trowed. >> no. canada so these are very, very important relationships. i think they should tkphaut be playing down the issue of corporate profits and we have to say clearly we're going to a regime trying to lower toughers. and we could live with that. i would be a little bit less with worried and it's beginning to take you up on a quarterly basis. >> should our worry meter? >> yes

>> we ratchet back a little bit. a deal to create a deal. >> so what's the next big focus then. >> a 20% in the united states. how much next year inwe've been spendinging much more time on the policy front thinking about interest rates and trade views if we can go back to how strong it's recovery is, we're goinging to pile that whole thing >> it's not sustainable. >> i think again u.s. equity markets this year.

having dealt with fake cat fats. i'm looking forward to see how long i can go. and in hate the exif tariffs we can fall off the weighen last year and that's the kind of potential we have. estimates and expectation in miami and date and the speplgs cough. aio have to look reasonably at 2020 we breached an all time record recovery tax cuts unempoor we should be thinking about that as a peek year >> we have peek employment

season >> no. but i think we're goinging to have a harder time going much beyond 20. this is not an 2008 situation at all. we have eps levels outside of u.s. markets that haven't reached 2007 yet so the u.s. is way out in front. it's been the strongest one by far. it. >> they're way back. and they're not going to having a fondmental downtown. >> we snited theful -- if you diversify globally, you're going to need be fast.

>> optimistic words to start him off. >> let's find out what is moving and surfboards are on the docket >> that's right. so tesla owner apparently surf's up there known for selling unusual items. this time the unique piece of merchandise much less dangerous. surf board made from a similar carbon fiberer as tesla interiors. er for and allall loads ready and some are have surfaced e bay for up to 4,000 dollars. >> if you were to make something

else, would make >> the chain saw it got a guards >> the a field this wants. the way you can't coun troll >> how about big mack stphrfs. >> i haven't had a big mack in forever. >> if. >> and in hawn estof the 50th anniversary they've comp around. and you'll receive max coin at participating locations starting frights and running through the cast of 20 fain. i don't think a lot people are

going to protect those or president barack obama and first laid ey were spotted chis weekend playing a concert in gemper and enjoying the post white house live not bad if you can go see the carters. >> relax >> i would imagine not being president for anybody is a relief every day. >> meantime the newest fallm nor will reagaze once i larry seats it intopporous in the solve war.

eltar wars film maker to honorer fixer. and got the blessing of dotter to reuse that. lovely tribute on twitter. >> i did it was nice. carrie fisher, the best is yet if me hairy met sally. and. >>au her on broadway >> although she had terrible taste at weighen wheel >> now to sports and a terry mome but seven laps to go. bubba wallace, his bake bras fail remember, it as the longest straight away of any track in

the united states. probably travelling at 200 marme merl sat down but he was fine said it is the hardest hit he's ever taken he is flying and that is a hit and we're frat tprrls cbs under fire following allegation against the ceo what it could flynnthemmal lady. and everything into the cloud. it's all so... smart. but how do you work with it? ask this farmer. he's using satellite data to help increase crop yields. that's smart for the food we eat. at this port, supply chains are becoming more transparent with blockchain. that's smart for millions of shipments. in this lab, researchers are working with watson

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welcome back 5:44 in the east david reubenstein offered one piece of advice. >> he asked me for advice i would say probably listen to your advisor as lot nor, maybe than you havem i would say i don't think tweeting is as helpful as you think it is. i don't do any tweeting. but he's a 72-year-old man and he's certainly set in his ways >> for more of the comments on fulant rain and investing, goto hits back. following allegations of

misconduct the boards will meet, joining us down the field. and senior dean for leadership studies h what should the cbs board do with with less moon. >> it's a very complicated scenario a challenge of course is the back drop of the viacom battlegrounds as to whether or not the 80% controlled and cherry red stone and her team has. both companies of cbs and viacom people wondering if she had any role, but she insists she didn't plus this is the oldest board we know

tremendous experience. the average age is 74. and this is a very innsed board. it must some of the ditch cult transitions before let's do the outside investigation going early. the issues that they had of course nbc and others have seen them. they should biably to invest this pretty quickly. we certainly see he's are re entitled to due prays and a fair trial but it's not looking good.

take a timeout, no longer happy with the evenly while we conduct this frogs >> that seems to be the hot question of the kwaoebgd the was in contract and going to finish that today. happen to have a perfect successor ready to go. gift years old and been a close partner. it it i mean some of the things -- six spiff sets of witnesses. they can move pretty quickly on this he admitted to it that he's

atwar of having made many advancements to employees or was doinging compoz with and thought it was conveiningsual. some go back almost 20 years some go in the 2000s that's not a good track record yesterday and if i need it for last place stpwrrs p that said, jeff, you've got this a fight can coming up at the same time it's going to be cbs move or they get over this? >> big cat's a big shop.

if this investigation proves the allegations, then we'd be ready. and even though you say isn't there a statute of limitation? >> this is not the court of law, he's not being punished and not anywhere as near as enjoys treme in the harvey wayne stein situations this pattern just doesn't look look in terms of 88. and as say he's re got a lot to be proud of. that this could be a good time for them to transition hymn out of there thee deserves to see the facts and me to know they're true. his own confessions don't make

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bowau ring you're getting punched in the face by tariffs. higher interest rates. facebook last week but tkwhret market will not go down. we find some vols in that fact, that the legs may be getting weak but overall still standing >> much to my dismay for all of my tailian friends, rocky bal bow taw did go down a couple times. and he sustained about 2800. as we see more come that market, we have the bank japan and yes, the feds got a resilient market. and that was the way the market ended last week. >> so will we hold, jeff

>> well, i think back to rocky bal bowau. cut. >> maybe facebook was the eye. >> maybe facebook was the eye. >> i think we're all looking a at april. as you've seen the emotion of the fans, right >> we also have to think about zon. but if they deliver, that's the catalyst and dudened really meet the expokeitations it's been sensational. i know a lot of you said we saw facebook down. but at the end of the day facebook was up. >> and the massive weight means

a lot, doesn't and all these concentrated milks thew it right now we're seeing a slower expeck taxis. and we get those earnings from april. altways. we love you. wrapping nup morning rbi today it's your move a new highberry by the blue bugsy castro finding the way to tpaoeubdz money, money number one most boosting ban they were two and three.

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suvs we're going to tell you why. plus surf's up, find out what product elon musk is selling this morning it is monday, july 30th. squawk box begins right now.

>> live from new york where business never sleeps. this is "squawk box" becky and joe are off today. let's show you what's going on at this hour the s&p would open lower by a little more than one point and the nasdaq would open lower 16 in japan was lower by 3/4s of a percent. european equities were also negtefb. weakness related to tough earnings that came out but it's all flat to lower what's going on with treasury yields in the united states and we're seeing multi-week highs in europe as well the 10-y